<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the Form
10-Q for the three months ended March 31, 1999 and is qualified in its entirety
by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                           4,252
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                       1,413,768
<DEPRECIATION>                                 200,389
<TOTAL-ASSETS>                               1,448,314
<CURRENT-LIABILITIES>                                0
<BONDS>                                        679,360
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    187,847
<COMMON>                                        31,040
<OTHER-SE>                                     372,160
<TOTAL-LIABILITY-AND-EQUITY>                 1,448,314
<SALES>                                              0
<TOTAL-REVENUES>                                49,621
<CGS>                                                0
<TOTAL-COSTS>                                   11,617
<OTHER-EXPENSES>                                 6,266
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              12,360
<INCOME-PRETAX>                                 19,378
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             19,378
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    19,378
<EPS-PRIMARY>                                     0.49
<EPS-DILUTED>                                     0.49